We are seeing increased volatility in almost all the markets we trade. We are certainly experiencing an inflection point of some kind, and only time will tell if it is a hiccup, or a real change in market sentiment.

We exited two trades today at the market close, our long Dow Index position, and our long Sugar position. Both trades will be reflected in tomorrow's reports. We are also very close to a new position, shorting Lumber on any additional weakness in that market.

Our TNR model worked brilliantly until the big fade in the last hour of trading. However, even after getting hit with money management stops in both ES and NQ, we were able to book a total net profit of $658 on 4 ES trades and 2 NQ trades. Tomorrow we are calling for a Reversion day in NQ and a Neutral day in ES.

Our open positions:

Contract	ctrcts	Open P/L	days on		Contract	ctrcts	Open P/L	days on
@US.P	0	$0	0		@NG.P	0	$0	0
@TY.P	-2	-$513	17		@KC.P	0	$0	0
@FV.P	-4	$5,300	74		@SB.P	3	$5,578	162
@EC.P	0	$0	0		@CT.P	0	$5,815	26
@JY.P	0	$0	0		@GC.P	3	$45,660	173
@CD.P	3	$2,920	21		@SI.P	1	$17,110	124
@C.P	0	$0	0		@HG.P	2	$85,550	241
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$0	0
@CL.P	0	$0	0		@YM	3	-$1,505	45
@HO.P	1	-$326	27		@NQ	0	$0	0
		Total Open Trades			$165,589
		Total Closed Trades			-$30,788
		Total			$134,801

Good luck, and have a great evening!